A lesson for permabears

>Crypto is too big to fail now
not realy, only Bitcoin is big enought
google: Pageet-Pansun

>measures in % instead of x

when will they learn

Tether imploding. September the rest of those Gox bitcoins are sold OTC or something.
> these coins have no use beside speculation.
Literally no one uses it. They are completely dog shit and we know it. We just want to make money
Pets.com vs Amazon.com all over again. I see a set of regulating sweeps soon. The SEC is going after scams now. You can regulate crypto without stripping bitcoin and other coins of their fundamental values and technical uses. Might see more KYC. Taxation in its current state is theft and we know money is printed out of thin air. See a variety of implosions in the next decade. Going to see some wealth transfer.

you mad bro?

People haven’t even begun to scratch the surface of the very tip of the iceberg, crypto has unimaginable possibilities. Government, communication, social, business, they will all radically change with this new technology.

Invest in whatever you believe can scale to quadrillions of dollars.

I mean that’s great and all but literally no one uses the internet for websites to buy shit. Plus you have to buy a money order and mail it. No one trusts websites to send their credit card info. They are completely dog shit and we know it.

Furthermore, when they do have use and deliver on a working product, how many will actually generate enough revenue as a utility to justify the high prices they've reached duento speculation?
Many of these coins really are shit and some of the solutions they aim to provide, even if proven useful and widely adopted, may function best without an expensive token. For example, do people really thinks a decentralized app such as BitTorrent software would be improved by hard coding a pay as you go scheme into the existing protocol? I doubt the average user wants to pay per file transfer. Or pay for any other internet service per use on top of existing access fees charged by their ISP. An internet run on dapps fueled by tokens will quickly price people out of using the internet. It's great that the option is there, but I don't see it becoming standard. I maintain that any network on which users require and incentive to participate will not survive. The motivation for participating in the health of a network will need to be derived first and foremost from the network itself, not the token, being valuable to users. The token detracts from the network's value and makes the cost outweigh the value it provides.

nas·cent
ˈnāsənt,ˈnasənt
adjective
(especially of a process or organization) just coming into existence and beginning to display signs of future potential.
"the nascent space industry"
synonyms: just beginning, budding, developing, growing, embryonic, incipient, young, fledgling, evolving, emergent, dawning, burgeoning
"the nascent economic recovery"

you're talking about SKY user.

> he fell for the blockchain is the new internet meme

so what are your anwer to this? take profits and get out until the whole thing explodes to the ground? What your thoughts on bitcoin and ether in this case?

I think Bitcoin and Ethereum are better. Bitcoin is used as a store of value and as the standard by which other tokens are compared against. Especially if Bitcoin can reliably function as a means of exchange, the deflationary nature of the coin is more than likely going nto continue to increase in value. It will not replace inflationary fiat currency, but good supplement it well. Ethereum may be similar in that regard. Although its value leans heavily on being a gateway to accessing and fueling many of the apps built on the protocol. If this model fails to work out, it would probably hurt the value of eth unless it manages to function first and foremost as a means of exchange for commerce and as a store of value. If it is too heavily valued because it is fuel for dapps, I think it's going to end up having a lot less dollar value. Implementing sharding will help to make it more functional for commercial retail adoption.

shut up delusional faggot

this

nx= n*100%, tard

what do you think of SKY, Mr. Permabear?

i dont agree that they are useless the problem is that the majority of people use them as speculation but the technology itself is more viable let's say that paypal who now charge you for everyting but the worst problem is that they dont have zero problem to stoping your transaction or ban your account and if you have some questionable options then you may have problem have even bank account so crypto is useable for a lot of amout of people it just need more stable price

Venmo is free. Zelle is free.

Literally only the free or basically free cryptos have a chance of being adopted at any sort of scale.

they are both centralized its maybe my Libertarian believe but from my experience i will rather stick with bitcoin

It's over. Learn a lesson from history.

Attached: c22cb6033f069963e4a07f627e3e9627-6.jpg (884x464, 252K)

>this is not a a bear market. this is an accelerated regression to the mean, i.e. a correction.
we all know that. but permabears who can't stop filling their fat bags will FUD it until the moment of a major rise. then they will flood the board with
>TFW WHEN YOU DIDN'T LONG IT WAS SO OBVIOUS IDIOT XDXDXDDXD
>BTC TO DA MOON 50K EOW
Jow Forums is a hyperbolic, absolutely ridiculous comedy shitshow barren of any information that helps one invest...
very funny, tough. good time-waster, i guess.

>free
but you pay for it in other ways, aka personal data

I'm not permabear. If sky can actually replace the function of most other coins out there then it goes to show that there only needs to be one or very few crypto currencies. Assume that sky is successful and becomes the standard that everyone develops on. How much value would any other coin retain?

been watching the news lately I see..
desperate normie

People keep asking if I'm back
and I really haven't had an answer
but now, yeah, I'M THINKING I'M BACK
youtube.com/watch?v=1XYG7ttpEk8

nx = n*100% - 100%, tard

No u smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

Why would you use the coins right now? Even if they work and are useable why would you waste an asset that is still growing and will be worth more in the future? The fact that nobody uses them just shows that most people don’t believe we are at full adoption yet.